My thought on NU H&S
Approaching the 'Blue' trend line. Observe how the market reacts to the line.
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Plan A: IF Break below, close below the 'Blue' Trend Line. Depends on how strong the candlestick closes, RSI may tap Oversold area and bounce up to meet the Recently-Broken 'Blue' Trend line for a test. Look for entry for SHORT there.
Plan B: If it doesn't go the way Plan A describe, grab a beer. (May look for LONG or ignore this pair 'for now')
Action: Observe
Mindset: Where's the beer?
Risk: None (Yet)
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Plan A: IF Break below, close below the 'Blue' Trend Line. Depends on how strong the candlestick closes, RSI may tap Oversold area and bounce up to meet the Recently-Broken 'Blue' Trend line for a test. Look for entry for SHORT there.
Plan B: If it doesn't go the way Plan A describe, grab a beer. (May look for LONG or ignore this pair 'for now')
Action: Observe
Mindset: Where's the beer?
Risk: None (Yet)
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